Retirement Planning Newhall CA

Planning ahead for retirement is vital for people of all ages who wish to be financially independent once they opt to retire. Money can be allocated to investments or set aside in savings plans in order to avoid being used too early, though investments do involve some degree of risk. Many people save for retirement through employer-sponsored defined contribution plans, such as IRAs, 401(k)s, and profit sharing plans. Other types of plans and DIY retirement planning are also options and all of the available avenues are generally characterized by tax advantages.

Jeffrey Harwood
Ventura Advisors
(818) 857-5080
21860 Burbank Blvd., Suite 100
Woodland Hills, CA
Expertises
Retirement Plan Investment Advice, Ongoing Investment Management, Charitable Giving - Trusts & Foundations, High Net Worth Client Needs, Real Estate Investments, Special Needs Planning
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MBA

Todd Butler
WESCAP Group
(818) 563-5170
303 N. Glenoaks Boulevard, Suite 905
Burbank, CA
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Retirement Plan Investment Advice, Tax Planning, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®

Alan Ungar
Critical Capital Management, Inc.
(818) 222-4773
23564 Calabasas Road, Suite 206W
Calabasas, CA
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Financial Psychology/Coaching, Women's Financial Planning Issues, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. Michael L. Green, CFP®
(661) 257-4111
25115 Avenue Stanford
Santa Clarita, CA
Firm
Michael L. Green Tax & Financial
Areas of Specialization
Asset Allocation, Divorce Issues, Education Planning, Estate Planning, Insurance Planning, Retirement Planning, Tax Planning

Data Provided by:
Mr. Martin Clement, CFP®
(661) 259-3473
25375 Orchard Village Rd Ste 107
Santa Clarita, CA
Firm
Lincoln Investment Planning, Inc
Areas of Specialization
Asset Allocation, Government and Military, Intergenerational Planning, Investment Management, Real Estate, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Government Employees

Data Provided by:
Ara Oghoorian
ACap Asset Management, Inc.
(818) 358-3823
15260 Ventura Blvd.
Sherman Oaks, CA
Expertises
Advising Medical Professionals, High Net Worth Client Needs, Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Newlyweds & Novice Investors, Professional Athletes or Entertainers
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®

Mark Gleason
WESCAP Group
(818) 563-5170
303 N. Glenoaks Boulevard, Suite 905
Burbank, CA
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, College/Education Planning, High Net Worth Client Needs, Tax Planning, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFA, MBA

Mr. Ronald W. Grider, CFP®
22916 Lyons Avenue
Santa Clarita, CA
Firm
Premiere Tax & Financial

Data Provided by:
Mr. Michael B. Yauch, CFP®
(661) 290-2018
24300 Town Center Drive #200
Valencia, CA
Firm
Morgan Stanley
Areas of Specialization
Retirement Income Management, Retirement Planning, Wealth Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Mark D. Hineman, CFP®
(661) 290-2016
24300 Town Center Dr Ste 200
Valencia, CA
Firm
Morgan Stanley Wealth Management

Data Provided by:
Data Provided by:

Retirement Planning

By: Jonas Zamora
Jonas Zamora is a Certified Financial PlannerTM professional. You may contact him at jzamora@zacks.com

Closing in on retirement?

Are you closing in on retirement? If your goal is to retire in the next five years, you are in that critical stage in the retirement planning cycle. You have to take care of details like your 401(k) distributions or rollover, exercise of stock options, pension distributions, and when to take social security payments. Then there's figuring out what you need to draw out of your investments when that big day arrives. What you do in the first five years after retirement will also play a key role over the following 25-30 years.

First, let's discuss your first steps five years before going off into retirement bliss:

1. Put more money away. I read an article that says we are saving too much for retirement. That is bunk! Let's say your retirement target is 65 years of age. Most of you will be able to and should contribute extra to your 401(k) after reaching 50 years of age. That amount is $15,500 per year plus catch up amount of $5,000. Over a 15-year time frame for someone who is 50 years old today, assuming a 7% annual return, the savings by age 65 amounts to over $500,000. Without the extra $5000 in contributions, you would only have around $376,000.

2. Over the last year to two years before retirement, consider being more conservative in your 401(k). Don't leave a majority of these assets in employer stock! If the market takes a nosedive, you still have a great base to invest and live off of when you retire. Diversify.

3. Remember to exercise those in-the-money stock options. Many folks get so excited about their last day at the office, they forget about exercising the valuable stock options while still profitable.

4. Place money in an emergency fund with 1-2 years worth of living expenses in a cash or CD account....

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